speaker 0:   0:00
had in making killing as part of the three D printing revolution. Today's episode is brought to you by Social Pilot. The social media and marketing tool for bloggers and small businesses joined over 20,000 social media pros at serve. No master dot com Backslash social pilot today Are you tired of dealing with your boss? Do you feel underpaid and underappreciated? If you want to make it online, fire your boss and start living your retirement dreams now then you've come to the right place. Welcome to serve no master podcast where you learn how to open new revenue streams and make money while you sleep. Presented live from a tropical island in the South Pacific by best selling author Jonathan Green. Now here's your host, really excited to talk about a new direction for making money online today. That I think is very interesting and meets some of my basic requirements for starting a new business and for new direction, you can take it. I really like any business model. It doesn't require me to maintain stock one of the hardest businesses to go into his fashion fashion businesses come and go, rise and fall all the time, something like 90 or 95% of fashion companies fail. And here's why. Fashion companies depend upon predictions, and the more predictions your business depends on, the more likely it is to fail with fashion. First of all, you have to predict a design that people will like in six months when your creation process is finished. Once you finish the design, you have to send it to the factor. It gets made, and by the time it's in the stores where people can see it, it's 3 to 6 months later. At best, that's the first thing. This is why you see, when you go to department stores, they change everything in the store every three months to match each of the four seasons, or depending upon where you live. Where I'm from. We had four seasons, while it now we have one season hot. In addition, you have to predict the correct size is if you have the best selling shirt in the world, but it's in the wrong size. No one could buy it, and these are just two of the predictions that can really destroy you. You can have a $1,000,000 in size small shirts that people only want in size large. And you can't do anything very tough because it's so cash intensive. Which is why I've always stayed away from anything where you have to spend a bunch of money, put a bunch of stuff on shelves and hope people want to buy it now. The reason I do paperback books in the way I like doing paperbacks the way I do them is that there's no upfront risk. I do print on demand, and what's exciting about three D printing to get into the core topic of today's episode is that it's all print on demand. There's a really cool website called Shapeways, and I'm gonna take you through a couple of different business models. Don't worry, this is not, ah, promotion just for Shapeways. But Shapeways is like etc and etc. Is a store where you can sell your homemade crafts and people sell everything from belt buckles to jewelry. Some amazing things. I've got a lot of stuff from etc. And it's really wonderful. You can buy sheets and everything in between textiles and all these amazing designs and paintings, and it's all people selling art directly through a platform. Shapeways is the same thing, but it's for print on demand with three D printers. So here's kind of how it works. Here's how this one business model for three D printing works is you create some designs. Now this requires the ability to use auto Cat, which means three D modeling. You have to go to draw a three D image inside of your computer so that when it gets printed out, its correct. So there is a high level of graphic ability necessary that is the barrier to entry. For this, today's episode is really be able to have that type of skill or maybe worked as an architect. He worked as an engineer, so you know how to use this type of software, and you can certainly learn. It's not as complicated as you think. To actually learn software, you can learn in less than a couple of weeks to really get down the basics and start turning drawings into physical things. So you set up your store on Shapeways, and there's other places you could do this as well. You can set up a similar store on Etsy. Shapeways just happens to be really specifically targeting three printing and you create this strong and you can have a ring or little toys and you just create one right? You print off one, take a bunch of pictures with his amazing color. And then that's what people see and people see. So you only made one demo. So instead of making 100 of the toy you want to sell, you just make one and you get to sell it over and over again as people want to use it, which is really great. I think that this is a really great place for artistic people to start developing themselves. There are also places where you can become like a service. So anyone your area who knew the three D design printed They can come to you so you can become similar to the copy shops that we have right now, where people do printing but three D printers. Right now there's so much technology and there's so many things going on, it's really great opportunity for you to kind of be ahead of the curve. There are a lot of people in your area that are actually always looking for three D printing toy designers, engineers, architect CE small businesses that can't afford to justify owning their own three D printer just yet. Maybe they only need one thing printed every week or every couple of weeks. Maur and Maur design work, especially for toys and moving more and more in architecture and engineering can be done with the three D printer so before they make the full scale model before they decide to do production run of a toy doing it this way, doing it through three printer allows them to really see what it looks like and even let some kids play with it. Or if they're testing a new engineering design, they could have something physical they can see if it actually works with seal forms correctly. In addition to shape ways, you can set up a shop on Etsy like I mentioned. You could also sell stuff on eBay. You can use Shopify and create your own store. What's great about this idea is that it's all print on demand. You can even still stuff on Amazon, print on demand. All of these amazing things expanding the ideas is that you can also master your three printer and then become a teacher. Teach other people how to use three D printers. How to create designs. You can open up a craft store or run craft. Classes were people create their own designs, and then they print them out at the end of class. Instead of going to a class and creating something out of clay or painting a pot like a lot of classes do in those places, they're successful because it's fun to do that. In grade classroom people can make custom gifts are amazing gifts. What if someone could come in to your little shop or reach out to him coming to your garage? And together you sit down in the design, that perfect ring or perfect set of earrings. And then once they have that three D model, it can go to the next level. C Jewelry is one of the really great futures of three D printing, so you can even start working with local jewelries and say, Let me scan all of your designs. We scan all of your jewelry that you're making my hand right now into my computer when you start printing out three D models, and you can then use that to improve your jewelry creation process so you can work with a lot of local crafts people by scanning their designs, turning off their designs, they concern replicating faster and faster. What's very interesting? Another direction to go in is with architecture. Right is a few scans someone's home or scan their dream home. They create this dream home and auto cat, right? So this is how we design houses and structures right now, and they tend to spay massive amounts of money to get those little models made it 1 20 of the 100 scale off what entire project will look like. But now some of those smaller architects that can't afford to spend $3000 for model can come to you. Spend less. They upload their drawing into your printer. You push a button and their design comes right out the other end. So it's a lot of really cool things that you could do with three D printing. And what I want to talk about on a big scale is more about how creativity creates opportunity. I don't own a three D printer because I move all the time, So if I wanted something printed on a three d print. I would have to approach someone like you has what. So before you jump into this business model, think about the cost and they're a couple of barriers to entry. This is really for people that already own one or have a business model that makes sense. We're adding this in Having the print on demand element is really cool. If you're already a jewelry designer, if you're already interested in something artistic, this is a great way to go. Same with toys. If you already have a printer, he might as well have it. Make back the cost. These are valuable things that you could do. Even if you don't want to do a full time business, you can. Hey, I bought this 32 French of what was I thinking? At least want to make my money back Rather than selling it, you could rent it out and charge people a small feet so that it makes back the cost of the three printer and less than a month. There's a lot of opportunity here, and it comes from making the decision to think outside the box seats. The buried entry is that three D Printers. There's a wide spectrum of quality in a wide spectrum of cost, and they all use different types of plastics and materials. They're not all created equal. There are three D printers that 102 100 bucks, and there's ones that cost 2030 $50,000. If you happen to have one of those really expensive ones, you should definitely be constantly renting out time on it, at the very least. But even with one of the cheaper at home bottles, you can create some pretty cool stuff. You could do some things that are pretty creative. I've seen a lot of those companies that you sent him your picture, and then they create a bobblehead of you. You can do that now. You can take someone's picture. Just have them dio like five or six pictures around their head in a circle. The email it to you and you do a print off of their head if they want. Being creative really creates amazing opportunity. Now the challenge is that by an expensive machine, then you end up trying to earn back that cost. You know, I'm not about big expenses up front, however you could buy a three D printer for a couple 100 bucks. Use that to generate enough revenue to buy a more expensive machine. Then, if you wanna read time, they can rent at two different price points. So as long as you stay in low cost and don't jump in and buying a five or $10,000 machine or even a $1000 machine, you could do some pretty cool things. You could do some pretty creative things that are very interesting and moving in some directions that I like a lot. I really like the idea of anything that you only make it after people buy it instead of having to make 500 toys itself average a choice you can make one by one. Also, their arm or more platforms and more and more places where you can get templates are a lot of places selling template, or you can read templates and so you can sell the finished product of a template that you bought. So there's some really cool things and, of course, the rules as faras licensing will change as this market grows and develops. But it's a good opportunity right now. I feel like it's a good intersection of the buried entry is lowering so that more people can afford three D printing. But no one's really taken the idea into something really big. A lot of people that I know a lot of people in my circle of marketers are looking to move into physical products, and in fact I've looked a couple of ideas and they want a creative business where they have a couple of products. They designed that they get built in China and for a low cost, and then they ship over. They sell the Amazon or shop fire other platforms. One of their big struggles is in the modelling face. So you could become someone who's in between those two spots, especially if you're an engineer. You have some desirable. You say, Hey, why don't you let me work on the design part before you get any tooling done? This is a really big catch point for physical products. You have to get the tooling machine and you get those pieces to the parts could get made and that phase could be quite expensive. And sometimes people I've seen this. This is brutal. They create a design. It's pretty good to get the tooling done, and then they realize that version ones not that good. They need version, too. You can be there and help them design version one. And the cool thing is, three D printers now can make stuff good enough to sell. The plastics are hard enough. They're doing more and more technology. They're they're way beyond where they were like five or six years ago. You can create very strong designs, and in fact, there's even printers that do carbon fiber printing, which is where they print something that's even stronger than aluminum. It has a better weight ratio was watching a television show a couple of weeks ago. It's another one of those shows where people invest all a minute right now. And this guy had a shop where he creates turbos for cars. And he's the guys as well. You know your business create troubles for cars struggle right now. What if we do it for motorcycles? And they bought a three D printer that does carbon fiber printing, and they just took this guy's design for a turbo charger that increases the horsepower of a motorcycle by 50 to 100% and it just pushed print. And the part is actually stronger than aluminum, part that you would normally buy from the store. So more and more you can even print into metals and very strong material. So it's not just soft plastic anymore. Now I know I'm very aware of my audience. I know very few people are actually inspired by the idea. Fire throwing three D printing business right now. So today is about more than just starting your three D printing business. It's about thinking outside the box and thinking of creative ways to leverage things around you. See, right now, you might even know someone has a three D printer. They're not doing anything with it. We all have that rich friend who bought one printed like, five things and got bored of it. And you can say to that friend that, But, hey, why don't you let me see if I can leverage this printer? Let me turn your printer into a cash printing machine. That's a way you can avoid having to buy the machine yourself, you know, and you just say all that to pay you a 10% royalty or let me rent it from you. Let me try it out for a month, thinking outside the box creativity is really the key to success online and finding new opportunities every month. I make money in ways I didn't think of the month before. It's because of my creativity and my ability to adapt that I can stay ahead and I can see that three D printing is something new that's only gonna get stronger and stronger. And it's become a really cool way for you to build a business. The more you can go to people and say, Let me create your model. That's when you can really make some great money. I've seen what it costs for anyone in the physical space. Okay, this is the next faces. My next business model for you is you find people that are creating physical products that are doing inventions the same people that two years later they're appearing on TV, trying to get their round of investment, the design phase where they go to a design firm that builds stuff out of clay or does all those things. They spend tens of thousands of dollars. I used to watch this TV show about investment quite a few years ago. I think he got cancer, was following a group of people that were designing APS. I think all the APS on the show failed. So maybe that's why the show is on anymore. And one of the designs was they were creating a scale that you could put your iPhone on. You rest your phone on top of the scale. Then you would stand on. It would use the internal machinery in your iPhone to measure your way, your balance and a bunch of other factors. And then I would tell you how long you had to live and ended. Leak. It turned into how long until you're dead. But the idea waas They wanted to create a scale like something you buy for, like, $3 to weigh yourself at the grocery store, and they wanted to buy a scale that you were then place your iPhone onto the iPhone would become the brain. They hire the place to design several different shapes for the scale and before they even raise their next round of funding. They owed this place $75,000 the design won't look cool. it did not look $75,000. Cool design firms and I understand why they're expensive because they have 20 or 30 engineers. They're using lots of machinery. That's very expensive. More and more design firms will eventually shift to what I'm talking about. Eventually start using three D printing. It's a way to control cost. But if you could take someone who's good at doing the design and simply needs toe turn their design into a demo product, that could be what you do. That could be a place where you fill the market, especially if you live in a place where there's a lot of inventors, amount of money and mentor spend is crazy. Sometimes I've seen people that are barely making it by spend $25,000. I'm getting a couple of designs printed out because they don't know what they're doing until they think that that price is reasonable where they can come to you. You can print out for 500 bucks, and it just takes you one day and cost you like $8. So you've still walked away with, like, $495 profit. You're still doing great and discover you're really great area to approach. So I would consider looking at meet up groups for inventors or for product creators and designers, and start pardoning up with those types of people saying, Hey, why don't you let me help you create your first round of designs? Let me help you print off your awesome design. So it's a lot of opportunities I want you to think about every time you hear about a new technology, how you can move forward, you know, now everyone again is talking all about virtual reality, and that's a technology that I'm not that sure about. I'm gonna wait on the kind of person that likes to wait a couple years before I think about jumping into something. Everyone thinks it's gonna be the new wave. But remember three or four years ago when everyone was selling three D TVs, how many people do you know who watched three D movies at home? Everyone I know has a three D TV, watched avatar once at home and then never use their three D goggles again. And before we get caught up in this hole three D bandwagon, right? This or this whole new virtual reality bandwagon. I remember when Virtuality first came out 20 years ago. There was virtuality stuff when I was in high school and people were so excited that technology and then it died because it wasn't good enough. My neighbor, who's an expert in video games and expert in technology, actually thinks that until you can get four K in each lens, the technology won't tip. He thinks that's gonna be the tipping point, and he could be dead, right? So if you're listening this a few years in the future, that was the tipping point. My friend predicted it. Before you get all caught up about today's technology, it's really great to look at what was good from last year and how you could leverage because the cost drops of the floor I remember in a DVD player was $2000 and now they cost what a dollar $5 get him all over town technology. Once it becomes ubiquitous, the price drops to the floor. Things that we could never afford it a few years ago are now so cheap. I remember when the first CD burners came out, putting a CD burner computer was like 1000 bucks, and it printed it a 1 to 1. So if you had a 60 minute CD, you would take 60 minutes to burn, and then they got faster and faster. I think the top speed is 48 or 52 times. So then a few years later, for 50 bucks, you could get one that would print that same CD. Burn that same city in three minutes, and now no one, even by City Brothers anymore. Technology comes and go, so we want to look at longevity and think about how we can leverage something for a business. Now. I could be wrong, and maybe virtual reality will work this time, and everyone fall in love with it. I think that people are very excited about the idea of it, but I don't hear a lot of people talking about using it every day. Now the reason and I know that we're going off the beaten trail a little bit. The reason that I'm unsure of that technology is because it's isolating. See, the reason three D glasses didn't work, I think is you're sitting next to your family. You're all watching a movie. But you're all by yourself because you're all locked into these glasses. You can't even look at each other. And virtuality is even worse. You're playing a video game or watching movie, but you're totally in isolation. So I think that will limit the technology. I think that people don't want to be so isolated, maybe people who are by themselves all the time, But it's someone you know. I've got two young kids, expended time with my family. That, to me, I think, is a technology limitation. The cool thing about three D printing The reason I like that direction for technology is that the barrier to entry is much lower. Designing to software some program or a nap for virtual reality glasses, it's gonna cost you hundreds of thousands of millions of dollars. I don't like that huge expenditure upfront on an unproven technology, but three D printing. That knowledge has been around long enough that I trust it. You can buy a machine for an affordable price that going crazy, you can then use the profits for that machine to buy more expensive machine and work your way up until you have that $50,000 machine, he paid for it. Profits from your last machine and the fact that you can print carbon fiber and stronger medals now means you can start doing really amazing things was more expensive machines and its print on the man, which I just love. I love anything where I can sell something, and then after you've paid me for it, then I go and make it. That's wonderful. That's really the business model we want to look at. So when you're looking at new technology, if you're thinking about going into stuff, whether it's clothes or anything else, this is a great idea. I think that eventually that knowledge will move into more and more print on demand with clothing as well. I think clothing printing is probably 5 to 10 years away. This is kind of what I'm talking about this now I'm thinking about wave of the future with you. There's direct print thio shirt printing right now for designs. There's direct embroidery on demand. Service is right now. Those have been in the mall for ages, but now they sell embroidery on demand directly through websites. And in fact, I'm gonna start selling some cool served a master embroider on demand stuff, mostly because I want to wear it myself. I want to create some cool stuff for myself and then I'll let you have to if they want. I think that shirts and clothing more and more because fabric the way it's generated right it comes out of a looming comes out of something that's very similar to the structure of printer, so you could take a spool of thread or cloth and run something through it. There's some issues as far as cutting or how they'll actually generate the shirt, right? Sure, it's right now you make the fabric when you cut it, but if you can print out the clothing perfectly in the shape in advance, we'll get there. So I think it's a combination of loom technology, a few other things that will eventually become the wave of the future. And if you're onboard Dow with three D printing, if you're listening this episode in four or five years, I think the same thing will happen with printing clothing on demand and it's gonna become the wave of the future, the on demand economy. This is the way to understand that technology and enter new markets without the massive outlay that they used to require. And these are some really cool and very simple. 10 different ways. You can make money from your own Thank you for listening to this week's episode of Serve No Master. Make sure you subscribe, so you never miss another episode. We'll be back tomorrow with more tips and tactics on how to escape that rat race. Head over to serve no master dot com forward slash podcasts Now for your chance to win a free copy of Jonathan's bestseller Serve No master. All you have to do is leave a five star review of this podcast. See you tomorrow. Thank you for listening to this episode of the serve. No master podcast. Make sure to subscribe so you don't miss a single episode.